Preview

entrepreneurship

Satisfactory Essays
Open Document
Open Document
383 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
entrepreneurship
Entrepreneurs and entrepreneurship plays an important role in the economy, communities and individual people. An entrepreneur can be described as the "who" and is a person that identifies and developed ideas and turns it into a profit making business. Entrepreneurship can be seen as the starting of the business, being the entrepreneur. Entrepreneurship may be defined in many views according to those who provide them.
An entrepreneur is someone that starts off with a dream or a vision in mind. An idea that motivates them so much that they spend all their time and energy taking action and making that dream a reality. They turn opportunities into a profit by providing a need or a service or something of value for the people of their community and society at large. Entrepreneurs start from scratch when creating their business and have to overcome many obstacles when starting off. A true entrepreneur is a innovator and creator and their passion will drive them to overcome their obstacles. Many entrepreneurs when starting their new venture will form a entrepreneurial team with people that has different talents and skills such as someone who majored in finance, marketing or accounting and together they can form a business plan.
The road of an entrepreneur has many ups and downs and all businesses start out small, they don't even have to be good at everything but they need to know what their strengths and weaknesses are. They must be able to communicate well and keep the rest of the team motivated through the tough times. They are gamblers and often risk losing their own money when starting their business.
Entrepreneurship is the result of the entrepreneur and therefore the action taking in pursuit of the new business venture. They build the business up for basically nothing, which is very risky and involves a lot of factors such as physiological, technological, legal and more. Entrepreneurship causes economic development, job opportunities and a wider choice to the

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Entrepreneur: Someone who starts, operates and assumes the risk of a business venture in the hope of making a profit.…

    • 314 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Five Guys Burgers

    • 1514 Words
    • 7 Pages

    Entrepreneurs are risk takers; they take necessary risks to start-up and operate a business that allows them opportunities to make a profitable. (Boone & Kurtz, 2012) Sexton, from New York University (2011) states entrepreneur means seizing new opportunities. Entrepreneurs now have technologies to help them research and understand the economic market.…

    • 1514 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Definition: An entrepreneur is someone who takes the risk to develop a new product or start a new business.…

    • 1125 Words
    • 5 Pages
    Good Essays
  • Good Essays

    bizcafe report

    • 1186 Words
    • 3 Pages

    Entrepreneurship is the process of starting a business or an organization. This process is very important regards to starting your own business or organization because you need to acquire the skills of opening your own business through entrepreneurship no matter what the business is. When you have acquired those skills, you are basically ready to take the tag of being an entrepreneur. An entrepreneur develops the business model within the company and has all the acquired skills needed for either success or failure.…

    • 1186 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Business Study1

    • 634 Words
    • 3 Pages

    An entrepreneur is a person who starts his or her own business, instead of working for someone else.…

    • 634 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    entrepreneurship: An entrepreneur is someone who starts, operates and assumes the risk of a business venture in the hope of making a profit.…

    • 1812 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    The term entrepreneur, as defined by Wikipedia, ‘is a loanword from French, and is commonly used to describe an individual who organizes and operates a business or businesses, taking on financial risk to do so.”…

    • 1014 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Roxanne Quimby Case

    • 559 Words
    • 3 Pages

    Anyone can be an entrepreneur as long as they have an opportunity and the drive to see it to fruition. To accomplish this they need to be creative and intelligent to build fervor around their idea and assemble a competent team to help make the opportunity a reality. Being an entrepreneur requires discipline and the understanding that things will be difficult before they get better. A charismatic individual will also be a great face of the company to build investors and credibility for the brand. Along with all of these traits a successful entrepreneur will raise funding through third parties or providing themselves to make sure that the idea has ample opportunity to succeed.…

    • 559 Words
    • 3 Pages
    Good Essays
  • Good Essays

    BUSS 1 KEY QUESTIONS

    • 410 Words
    • 2 Pages

    An entrepreneur is an individual that had an idea in which they developed by setting up an organisation/ business and have a vision to help allow it to grow…

    • 410 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Pob Sba

    • 2029 Words
    • 9 Pages

    An entrepreneur is a person with a good eye for business opportunities and taking risk, He invests what he has to start a business in the hope of expanding the business to better our future. The entrepreneur raises finance before production begins, he employs, coordinate and reward the factors of production for their resources and he ensures that the factors of production are used in the correction proportion…

    • 2029 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    An entrepreneur is a person who initiates and manages a business on his own at a financial risk. Some fine examples are: Sir Richard Branson, Bill Gates, Steve Jobs, Dhirubhai Ambani and Jamsetji Tata. Another great entrepreneur is Jeff Bezos, the founder of the online megastore, Amazon.com.…

    • 2231 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Also, an Entrepreneur is one who assumes the responsibility and the risk for a business operation with the expectation of making a profit. The entrepreneur generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials. If the business succeeds, the entrepreneur reaps the reward of profits; if it fails, he or she takes the loss.…

    • 792 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    What is an entrepreneur? SBA. Gov states that an entrepreneur is a person that organizes and manages a business and assumes the risk to make a profit. Entrepreneurs see an opportunity, make a plan, start the business, manage the business, and receive the profits. The word entrepreneur is French and is used to describe an individual who organizes and operates a business or businesses and taking on financial risk to do so.…

    • 359 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Future Indian Managers

    • 2246 Words
    • 9 Pages

    Entrepreneurs are people who do things, which are not generally done in the ordinary course of a business. It is not surprising that every fortune 500 Enterprise in existence is the result of an entrepreneur 's enterprise and perseverance. Entrepreneurs, according to Karl Vasper, are pillars of industrial strength –the movers and shakers who constructively disrupt status quo.…

    • 2246 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Entrepreneurship as a Career

    • 4875 Words
    • 20 Pages

    Entrepreneurs organize, manage, and assume responsibility for new enterprises. Their goal is to earn a profit by providing products and services everyone needs. If entrepreneurs are successful in carrying out this task, they can build rewarding careers for themselves.…

    • 4875 Words
    • 20 Pages
    Better Essays